About Margadarsi Chits Private Limited
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Margadarsi Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Margadarsi Chit Fund Private Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 18 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1993PTC025267. Its GSTIN is 33AAACM2158E1ZY (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sailaja Cherukuri (Managing Director) and Emmadi Sreedhar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Indian Chamber Building 3rd Floor No.6 Esplanade Parrys, Chennai, Tamil Nadu, India – 600108.
As per the financials filed for FY 2024, the company reported a revenue of ₹89.21 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹36.21 Cr (net margin 40.6%) and EBITDA of ₹52.7 Cr (EBITDA margin 59.1%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 1% over five years.
The company has about 448 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Margadarsi Chit Fund. As per MCA filings, the company has satisfied charges of ₹600 Cr on record. Court records list 5,405 cases involving the company, including 5,027 filed by the company and 380 filed against it; 1,010 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website margadarsi.com.
Company details
Contact details
Margadarsi Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its website is margadarsi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIndian Chamber Building 3rd Floor No.6 Esplanade Parrys, Chennai, Tamil Nadu, India – 600108
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Margadarsi Chits Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Margadarsi Chits operates one associated brand: Margadarsi Chit Fund. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as a cooperative lending company providing financial services. | margadarsi.com |
Business activity
The main business activity of Margadarsi Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Margadarsi Chits Private Limited, buy the company report.
Financials of Margadarsi Chits Private Limited
FY 2024 filings availableMargadarsi Chits Private Limited reported revenue of ₹89.21 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 3% growth in the latest year. EBITDA fell 1% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹52.7 Cr | ||||
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| Net Profit (PAT) | ₹36.21 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.1% | ||||
| Net Profit Margin | 40.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Margadarsi Chits Private Limited, buy the company report.
Board of directors of Margadarsi Chits Private Limited
Margadarsi Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Emmadi Sreedhar | Whole-Time Director | 20 Mar 2024 | 2 Years 7 Months | Current |
| Sailaja Cherukuri Also directs: Ushodaya Enterprises Private Limited, Om Spiritual City, Margadarsi Marketing Pvt Ltd and 5 more | Managing Director | 25 Aug 1995 | 31 Years 2 Months | Current |
| Kiron Cherukuri Also directs: Ushodaya Enterprises Private Limited, Om Spiritual City, Dolphin Hotels Private Limited and 5 more | Additional Director | 03 Dec 2024 | 1 Years 11 Months | Current |
Peer comparison
Margadarsi Chits Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mini Muthoottu Nidhi Kerala Limited | ₹146.79 Cr (FY 2024) | 0.0% | Pathanamthitta, Kerala, India | |||
| Jayapriya Chit Funds Private Limited | ₹106.41 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Shriram Chits Tamilnadu Private Limited | ₹105.5 Cr (FY 2020) | -2.0% | Chennai, Tamil Nadu, India | |||
| KPB Nidhi Limited | ₹101.59 Cr (FY 2025) | 23.0% | Aluva, Kerala, India | |||
| Dhanalakshmi Srinivasan Chit Funds Private Limited | ₹93.22 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Margadarsi Chits Private Limitedthis company | ₹89.21 Cr (FY 2024) | ₹36.21 Cr | 40.6% | 3.0% | 448 | Chennai, Tamil Nadu, India |
| Dhanalakshmi Srinivasan Nidhi Limited | ₹82.45 Cr (FY 2025) | -7.0% | Perambalur, Tamil Nadu, India | |||
| TBF Nidhi (Kumbakonam) Limited | ₹77 Cr (FY 2025) | 28.0% | Kumbakonam, Tamil Nadu, India | |||
| Thiripura Chits Private Limited | ₹74.41 Cr (FY 2016) | 54.0% | Chennai, Tamil Nadu, India | |||
| Social Mutual Benefits Nidhi Limited | ₹72.63 Cr (FY 2025) | 8.0% | Dehradun, Uttarakhand, India | |||
| D N C Chits Private Limited | ₹72.04 Cr (FY 2025) | 17.0% | Dharmapuri Dt, Tamil Nadu, India |
To see the full peer comparison of Margadarsi Chits Private Limited, buy the company report.
Auditor
Margadarsi Chits Private Limited is audited by BRAHMAYYA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO. | FY 2023 | 000513S |
Shareholding
The shareholding of Margadarsi Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Margadarsi Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2008 | 10127975 | Axis Bank Limited | ₹500 Cr | Satisfied | |
| 19 Apr 2007 | 10046971 | Axis Bank Limited | ₹100 Cr | Satisfied |
To see the full charge records of Margadarsi Chits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Margadarsi Chits Private Limited has 5,405 court cases on record: 5,027 filed by Margadarsi Chits, 380 filed against it. 1,010 cases are pending and 4,395 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5,019 | 59 | 914 |
| High courts | 385 | 320 | 96 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 5,405)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Revision petition | Filed against the company by an individual | Pending |
| Madras High Court | Writ petition | Filed against the company | Pending |
| High Court of Andhra Pradesh | Revision petition | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Madurai, Tamil Nadu | Execution petition | Filed against the company by an individual | Pending |
To see the full case history of Margadarsi Chits Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Margadarsi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Margadarsi Chits Private Limited has a workforce of 448 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Margadarsi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM2158E1ZY | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Margadarsi Chits Private Limited, buy the company report.
Recent activity
Margadarsi Chits Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Kiron Cherukuri was appointed as Additional Director on 03 Dec 2024.
2 earlier events are in the company report.
Frequently asked questions
Margadarsi Chits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 18 June 1993 (33+ years old) and is registered under CIN U65991TN1993PTC025267.
Margadarsi Chits has 3 current directors:
- Sailaja Cherukuri - Managing Director
- Emmadi Sreedhar - Whole-Time Director
- Kiron Cherukuri - Additional Director
The latest financial statements of Margadarsi Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Margadarsi Chits is 33AAACM2158E1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Margadarsi Chits is U65991TN1993PTC025267. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Margadarsi Chits has 5,405 court cases on record: 5,027 filed by the company and 380 filed against it. 1,010 are pending. Most are in the district courts.
Margadarsi Chits was incorporated on 18 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Margadarsi Chits by revenue are Mini Muthoottu Nidhi Kerala Limited, Jayapriya Chit Funds Private Limited, Shriram Chits Tamilnadu Private Limited, KPB Nidhi Limited, Dhanalakshmi Srinivasan Chit Funds Private Limited and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Kiron Cherukuri was appointed as Additional Director on 03 Dec 2024. Emmadi Sreedhar was appointed as Whole-Time Director on 20 Mar 2024. Emmadi Sreedhar ceased to be Additional Director on 20 Mar 2024. Margadarsi Chits has 5 board changes on record in total.
Margadarsi Chits can be reached through the website margadarsi.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Margadarsi Chits is at Indian Chamber Building 3rd Floor No.6 Esplanade Parrys, Chennai, Tamil Nadu, India – 600108.
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